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Mini-investment forum attracts 5 global banks

Five global bank brands have already confirmed their participation in the Malawi investment forum which is scheduled to take place in next week in Blantyre.

The forum, which is being organised by the The Ministry of Industry, Trade and Tourism, seeks to provide a platform for entrepreneurs in the country to present bankable business ideas to regional and international financiers and will be held under the theme, “Fostering Sustainable Business Partnerships.”

Spokesperson in the Ministry, Wiskes Mkombezi, has since confirmed the participation of institutions such as Afrexim bank, African Development Bank, PTA bank, OPIC and UK Export Finance Development Corporation.

Mkombezi said officials from these banks will make make presentations and interact with captains from the Malawi business community.

“These institutions were approached based on their relations with Malawi and their relevance to the economic and financing needs of Malawi investment projects. All commercial banks and micro-finance institutions will be invited, including the Banker’s Association of Malawi. This is an opportunity for investors to acquire the knowledge of the requirements offered by financial institutions to provide long term financing. We want to use this avenue as a launchpad for the upcoming Malawi Investment Forum which is scheduled to take place in October 2016,” he said.

According to Mkombezi, the minimum estimated cost of investment projects is US$100,000.

Mkombezi said the forum has an overarching goal of increasing implementation of investment projects in Malawi through increased access to sustainable financing.

He also said all invited financiers will be allowed to present the products they have and requirements for the private sector to access their services.

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